The Securities and Exchange Commission obtained record monetary sanctions in the latest fiscal year and advanced two more regulatory initiatives on 2 November as part of chair Gary Gensler’s campaign to overhaul the rules of Wall Street.

Gensler said the SEC took in $6.4bn for the 12 months ended 30 September, his first complete fiscal year on the job. That beat the previous record, set in fiscal 2020, by nearly 40%, underscoring Gensler’s enforcement focus on high-profile cases and steep penalties for misconduct.